JPMorgan issued a statement on January 25, indicating that Bitcoin’s price pressure may ease soon. Analysts attribute this positive shift to investors’ reduced exodus from Grayscale’s Bitcoin ETF. Initially a fund, Grayscale’s ETF gained SEC approval to become an exchange-traded fund (ETF) on January 10. However, it experienced significant investor withdrawals, totaling over $4 billion […]
Related Posts
France, Brazil, Argentina and Colombia seek a solution to the political crisis in Venezuela
The Presidents of France, Colombia, Brazil, and Argentina are slated to meet on Monday with negotiators from Venezuela’s government and opposition, with the objective of discovering a route out of the country’s political impasse. This meeting, scheduled on the sidelines of a summit in Brussels, is aimed at identifying “sustainable solutions” for regional crises, including […]
Africa’s Currency Struggles and Economic Outlook
The International Monetary Fund (IMF) warns of ongoing currency weakness in African economies, expected to persist until Q3 2024. This comes as the US Federal Reserve eyes a peak interest rate of around 5.4%, set to pressure struggling African currencies further. Since 2022, significant economies, including the EU, UK, and US, have seen interest rates […]
